CADCHF 02/04/2020 (BULLISH)
PRINCPAL FIBO STRUCTURE (RIGHT), INDICATES REJECTION ON LEVEL 61.8%. PRICE REACHES -27%, AND LATER COMES BACK TO RETEST 0%, WHICH IS REJECTED.
SECONDARY FIBO STRUCTUE (LEFT), REPRESENTS THE PULLOVER TO THE 0% ZONE OF PRINCIPAL FIBO STRUCTURE. IT REJECTS 38.2% WHICH COINCIDES WITH 0% OF FIRST FIBO, AND THE BROKEN ZONE.
TP IS LOCATED AT -27% OF SECONDARY FIBO, WHICH COINCIDES WITH -61.8% OF PRINCIPAL FIBO.
SECONDARY FIBO STRUCTUE (LEFT), REPRESENTS THE PULLOVER TO THE 0% ZONE OF PRINCIPAL FIBO STRUCTURE. IT REJECTS 38.2% WHICH COINCIDES WITH 0% OF FIRST FIBO, AND THE BROKEN ZONE.
TP IS LOCATED AT -27% OF SECONDARY FIBO, WHICH COINCIDES WITH -61.8% OF PRINCIPAL FIBO.
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